To: rick f who wrote (510 ) 3/9/1999 3:55:00 PM From: Daniel Mardorf Read Replies (1) | Respond to of 2406
I finally got a copy of the newsletter PCBM was in: The whole letter posted below. PCBM portion of the letter: <<PCBM:OTC BB PCBM came out with news on Friday which was enough to push it up +29% to close it at .40. We are watching for further developments this week.>> This tells me news WILL be coming....why else would they say further developments? Hang it there.... ========================== GMT Newsletter ========================== ==================================================================== _________________________________________________________________ It looks like CNBC will be dusting off their DOW 10,000 special soon, I believe the last two trading days set the new record for a 2 day point gain (460 points): WALL ST WEEK AHEAD/Dow has 10,000 back in sights By Richard Melville NEW YORK, March 7 (Reuters) - The U.S. stock market, frozen in place for nearly two months, has blazed back into record terrain, leaving the Dow Jones Industrial average poised to surpass the 10,000-point mark, a major if so far elusive milestone. Last week's market thaw, fueled by new data that showed U.S. job growth is not accelerating in an inflationary fashion despite surprisingly robust growth in the overall economy. The news quelled fears of an interest rate hike by the Federal Reserve, and powered the Dow Jones industrial average back into record terrain with its strongest two-day gain since October, when Fed Chairman Alan Greenspan surprised financial markets with a rate cut. The Dow closed the week at a record high 9,736.08, surging a combined 460 points on Thursday and Friday... ''Its the Goldilocks economy, jobs grew just enough to keep the market's momentum going but not enough to spark fears that the Fed would raise interest rates,'' said Bryan Piskorowski, market strategist at Prudential Securities. The growth scenario led Morgan Stanley Dean Witter U.S. strategist Peter Canelo to counsel shifting funds out of bonds and into stocks. ''As bond yields settle down, we expect stocks to reach for our upside targets of 1,350 on the Standard & Poor's 500 and 10,000 or higher on the Dow industrials,'' Canelo wrote in a note to clients explaining his shift. Canelo's model balanced portfolio is now 70 percent stocks, 15 percent bonds and 15 percent cash versus 65 percent stocks, 20 percent bonds and 15 percent cash prior to the move. _________________________________________________________ DELL:NASDAQ DELL had a great pre split run, tacking on +5% to close at $86.06. DELL is split 2-1 this week, so dont get a fright seeing it at $43. NITE:NASDAQ NITE mentioned in last weeks letter at $34 closed at $40, thats +16% for the week. BancBoston Robertson Stephens helped it along : "We are reiterating our Buy rating on Knight/Trimark and establishing a six-12 month price target of $75" ATHM:NASDAQ At Home Corporation will become a component of the Nasdaq-100 Index, effective at the close of trading Tuesday, March 9, 1999. ATHM closed the week at $117.75. __________________________________________________PCBM:OTC BB PCBM came out with news on Friday which was enough to push it up +29% to close it at .40. We are watching for further developments this week. _______ Small caps YARC:OTC BB Yarc Systems had an excellent run this week, +50% since last weeks feature. Our thanks to David R. for bringing it to our attention. _________________________________________________________ Have a profitable week! Don and Gil _____________________________________________ Disclaimer: Global Minerals and Technologies (GMT) is not a registered financial advisory. The information presented by GMT is not an offer to buy or sell securities. GMT accumulates then distributes opinions, comments and information for free to those who wish to receive them. Penny stocks are considered to be highly speculative and may be unsuitable for all but very aggressive investors. GMT may hold positions in companies mentioned and may buy or sell at any time. Unauthorized use, disclosure, distribution or copying of this private email by anyone other than the intended recipient is strictly prohibited. The GMT Newsletter and website are subsidiaries of 100162 P.E.I. INC. Refer to globalminerals.com for full disclaimer. ________________________